Srinagar: J&K Cements Employees Association have urged the newly appointed Vice Chairman to rescue the dying industry as his predecessors, according to the association, have wrought havoc with the corporation.
Association claimed that the company has gone to death bed with whopping liability of Rs 120 crore.
The Association informed the Vice Chairman, Nazir Ahmed Itoo that the company which was a feather in the crown of state PUSs till 2011 got invaded and looted by some non-technical Managing Directors and states visionless officers.
Though the Industry suffered heavily during 6 months long strike in 2016, yet with hard efforts the company was on back on track and managed to reduce its liabilities from Rs 120 crore to 90 crore. Our production is now reaching above 800 Mts, but it is only the ailing pollution control system which is a great threat to company, the Association said.
The Association hoped that in case of normalcy a turnover of Rs 150 crore was expected.
On this occasion newly appointed VC J&K Cements assured marketing demand from the Government Departments will hopefully be enhanced and payments will be released without resorting to any dilly dally tactics.
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